Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

ASA Gold and Precious Metals Ltd C.ASA


Primary Symbol: ASA

ASA Gold and Precious Metals Limited is a non-diversified, closed-end investment company. The Company's investment objective is long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or mining of precious metals and minerals. The Company invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities. The Company’s investment adviser is Merk Investments LLC.


NYSE:ASA - Post by User

Post by haunsoloon Jan 16, 2019 2:55pm
167 Views
Post# 29241301

My Take On Why The Share Price is Still Low

My Take On Why The Share Price is Still LowSo to some of the previous posts wondering why the share price isn't $4 today or whatever....

Full disclosure I'm a massive bull here, but want to point out a few things:

1) In their most recent presentation they noticeably removed their margin projections.
2) Their revenue projections say "Year1, Year2" not the actual years.  Kinda weird.
3) They haven't given any details about the size or aspects of their deals.  Its like "Multi-year deal" but it doesn't give much more than that and certainly no financial terms.
4) It is likely that they aren't running at full capacity, so I wouldn't bake that into financial projections.
5) I don't think any of the extractors have really reported meaningful earnings, so I don't think anyone knows quite how to value this stuff.

That being said, getting in early is the best time.  Though it can be the most volatile as well because volume is so low it gets pushed around a lot.  And of course right on time today we were up like 3-5% and now down 10%.  Weird pattern.
Bullboard Posts